A newly published survey from Katten Muchin Rosenman LLP shows that investors who have participated in at least one transaction involving special purpose acquisition companies (SPACs) say they expect such activity will continue to increase, at least through 2022.
The survey addresses an often-asked question. Are the SPACs a fad that has run its course? SPACs are vehicles that raise money through an initial public offering, then offer themselves for sale via the listed vehicle. These vehicles generally de-SPAC with a merger within 18 months to two years after the listing. This was one of . . .
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